Intellicheck(IDN)2024-08-14 20:06Revenue Performance - Revenues for the three months ended June 30, 2024 decreased by 4,672 compared to 36, or 1%, to 4,663 for the same period of 2023[102] - Revenues for the six months ended June 30, 2024 increased by 9,352 compared to 345, or 4%, to 8,891 for the same period of 2023[104] Profitability and Loss - Gross profit for the three months ended June 30, 2024 decreased by 4,228, with a gross profit margin of 91% compared to 93% for the same period of 2023[102] - The net loss for the three months ended June 30, 2024 was (853) for the same period of 2023[103] - The net loss for the six months ended June 30, 2024 was (2,240) for the same period of 2023[105] - Net loss for the six months ended June 30, 2024, was (2,240) million in the same period of 2023[112] Operating Expenses - Operating expenses for the three months ended June 30, 2024 decreased by 4,443 compared to 1,318, or 13%, to 10,515 for the same period of 2023[105] Cash and Financial Position - As of June 30, 2024, the company had cash and cash equivalents of 6,611[106] Adjusted EBITDA and Other Financial Metrics - Adjusted EBITDA for the three months ended June 30, 2024, was (174) million for the same period in 2023[112] - Depreciation and amortization for the three months ended June 30, 2024, was 69 million in the same period of 2023[112] - Stock-based compensation, including liability classified awards, was 323 million in the same period of 2023[112] - Interest and other income for the six months ended June 30, 2024, was (1) million in the same period of 2023[112] Off-Balance Sheet and Risk Information - The company has not entered into any off-balance sheet financing arrangements or established special purpose entities[113] - There are no guarantees of debt or commitments of other entities by the company[113] - The company has not disclosed any quantitative and qualitative market risk information as it is not applicable to smaller reporting companies[114]